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Monroe Capital Supports PrecisionX Group’s Acquisition of National Manufacturing

July 10, 2024, 07:45 AM
Filed Under: Manufacturing
Related: Monroe Capital

Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of National Manufacturing Co. ("National" or the “Company”) by PrecisionX Group, an existing portfolio company of CORE Industrial Partners (“CORE”). PrecisionX Group was formed in 2023 following two previous CORE acquisitions, GEM Manufacturing and Coining.
Founded in 1944 and headquartered in Piscataway, NJ, National manufactures highly engineered, deep and shallow drawn, stamped and machined components. The Company operates in a 90,000 square foot facility with more than 150 machines, and holds ISO13485, AS9100, and ISO9001 certifications and an ITAR registration. The addition of National further aligns with PrecisionX Group’s continued growth strategy and deepens the Company’s penetration into the high-growth aerospace & defense and medical end-markets.

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